HomeMy WebLinkAbout2019-097AASSIGNMENT OF CATTLE LEASE AGREEMENT
This Assignment of Cattle Lease Agreement ("Assignment") is entered into this 18 day of
(j1,4 , 2019, by and between Premier Citrus, L.L.C. ("Assignor"), whose address is
635 66th Avenue SW, Vero Beach, FL, 32969, and Indian River County ("Assignee"), whose
address is 1 801 27th Street, Building A, Vero Beach, FL, 32960.
WHEREAS, on March 15, 2018, Assignor and Staski Enterprises, Inc. ("Tenant") entered
into a Cattle Lease Agreement, for the property located at 8593 4th Street, Vero Beach, Florida (the
"Property"); and
WHEREAS, the Cattle Lease Agreement expires on March 15, 2020; and
WHEREAS, °Indian River "CQunty has entered into a contract with Assignor to purchase
the Property; and
WHEREAS, Assignor desires to assign the Cattle Lease Agreement for the Property to
Assignee with Assignor paying Assignee the pro rata share of the lease payment for the remaining
portion of the term under the Cattle Lease Agreement; and
NOW THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt whereof is hereby acknowledged, the parties agree as follows:
1. The recitals are true and correct and are adopted by reference herein.
2. Assignor does hereby assign, transfer and convey unto Assignee all of Assignor's rights
and interest in, to, and under said Cattle Lease Agreement. Assignee hereby assumes all of
Assignor's duties and obligations under the Cattle Lease Agreement. Assignor agrees to pay
Assignee the pro rata share of the lease payment for the remaining portion of the term under the
Cattle Lease Agreement. This Assignment shall be binding upon Assignor and shall inure to the
benefit of Assignee and its successors and assigns.
3. The terms and conditions of the Cattle Lease Agreement shall remain unchanged.
IN WITNESS WHEREOF, the parties have executed this Assignment of Cattle Lease
Agreement as of the day and year first written above.
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Signed in the presence of the
following witnesses: J�
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ATTEST: Jeffrey R. Smith, Clerk of
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By:
Deputy Cle
Approved as to form and 1e a
By:
Dylan Reingold, County Attorney
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PREMIER CITRUS, L.L.C.
ASSIGNOR
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President